Reference no: EM132598753
Question - The below information is for Tesla Corporation:
Common Stock, $15 par $450,000
Paid-In Capital in Excess of Par-Common Stock $120,000
Paid-In Capital in Excess of Par-Preferred Stock $90,000
Paid-In Capital from Sale of Treasury Stock-Common $6,000
Preferred 5% Stock, $100 par $1,000,000
Retained Earnings $3,500,000
Treasury Stock-Common $50,000
Seventy five thousand shares of preferred and 300,000 shares of common stock are authorized.
There are 2,500 shares of common stock held as treasury stock.
Required - Prepare the Stockholder's Equity section of the Tesla Corporation. Calculate shares issued and outstanding where applicable.